At the 2020 CropConnect Conference in Winnipeg, Federal Minister of Agriculture and Agri-Food Marie-Claude Bibeau announced new funding for projects that will help the grain industry in Canada.
The Canada Grains Council will receive $1.2 million from the federal government to help manage risk and improve public trust. $430,000 will go towards developing a pilot insurance product for grain exporters to address the risks they face in regards to having shipments rejected at foreign borders.
The government said it wants to ensure that grain farmers are protected against the uncertainty of the global market. This project will help the government on its way to accomplishing its goal of achieving $75 billion in annual exports by 2025.
The CGC will also receive $789,558 to develop a Code of Practice for the production of grains. The new codes will be voluntary and led by farmers, and they will help farmers lay out the best practices to follow to be considered sustainable.
The Government of Canada says it knows how important grain farmers are to the national economy and rural communities, and they will continue to work on their goal to support farmers and grow the ag sector in Canada.